Third, tenancies in room hack situations are very hard to manage.

A Pro membership gives you the tools and resources you need to start, scale or manage your portfolio.

So that's the real math.Even though you don't have room in your budget for property management services, I'd be happy to help you if possible. 

This deal highlighted our strategy of cost-effective renovations, quick execution, and efficient project management.

We transfered ours to our living trust directly - not worried about asset protection honestly because we have insurance and a property manager.

If you are going to self manage it might be a little better, like 10% instead of 20% off, but better to be conservative if you need cash flow.

Should I look for some smaller property management firm?

What is the best rental management software for someone with less than 10 units spread out between single family and small multifam?

It will be a new asset with little to no cap ex, and lower expenses.With an apartment, if you buy an existing building, you will cash flow day one, but there are other concerns, such as age, property management, debt, exit strategy.It depends upon your goals with the money, if you're trying to create income, or if you're trying to go into the business full time.Gino

Second home occupancy loans cannot be leased nor subject to a property management agreement.